Increasing cooperation between China, Russia and Central Asia is forming a global economic pole and will benefit countries throughout Europe and Asia, said European observers.
President Hu Jintao met Russian Prime Minister Vladimir Putin on Thursday, seeking an agreement in a price dispute over Russian gas supplies.
A new economic zone jointly being developed by China and the Democratic People's Republic of Korea (DPRK) will create more than 100,000 jobs in five years for Dandong in Northeast China's Liaoning province, local officials have said.
President Hu Jintao called for a greater representation for developing countries, while stressing the necessity to reform the existing international financial system. 
Contentions over Russia gas supply BRICS to reform world financial system
China and Russia signed a power generation deal on the sidelines of the ongoing St. Petersburg International Economic Forum on Friday.
Chinese Premier Wen Jiabao's upcoming visit to three European countries is primarily aimed at boosting communication and cooperation, China's Foreign Ministry said on Friday.
Chinese President Hu Jintao said on Friday that China would like to discuss and make joint efforts with other countries to address major world economic challenges in a key-note speech delivered at the St Petersburg International Economic Forum (SPIEF).
Vice President Xi Jinping on Friday called for closer non-governmental contact between China and Mongolia to consolidate bilateral ties.
China and Mongolia have decided to upgrade their bilateral ties from a good-neighbor partnership of mutual trust to a strategic partnership, according to a joint statement from the two nations.
Chinese President Hu Jintao on Thursday held talks with his Russian counterpart, Dmitry Medvedev, to review the achievements in bilateral relations over the past decade and plan for the development of ties in the next 10 years.
As Russia restructures its economy and reduces its reliance on commodities, more investment opportunities are awaiting Chinese companies.
The Sino-Russian border island of Heixiazi is expected to welcome tourists in late July, a local official said.
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